WEEKLY TRENDSETTER (MARCH 10th,2023) 2023 FEB 24 Mar 3 Ch % NIFTY 17465 17594 0.74 BANK NIFTY 39909 41251 3.36 USD/INR 82.75 82.05 -0.85 MARKET REVIEW–The global recovery towards close of week turned out to be the perfect recipe to unnerve the complacent bears and both the indices managed to show gains and end …
Nifty needs to consolidate above 17800 for sustained uptrend ! Read More »
WEEKLY TRENDSETTER (MARCH 3RD,2023) 2023 FEB 17 FEB 24 Ch % NIFTY 17944 17465 -2.67 BANK NIFTY 41131 39909 -2.97 USD/INR 82.82 82.75 -0.08 MARKET REVIEW–The week was a harsh one for bulls as the indices lost ground on all days and the closing suggests that 200-dma could be visited early next week which …
Market looks oversold and levels of 17350 on Nifty could see support ! Read More »
WEEKLY TRENDSETTER (FEB 25th,2023) 2022 FEB 10 FEB 17 Ch % NIFTY 17856 17944 0.49 BANK NIFTY 41559 41131 -1.03 USD/INR 82.51 82.82 0.38 MARKET REVIEW–The week was mixed as it began on a recovery mode and then showed strength and finally succumbing to profit-taking which shaved off part of the gains.The banking counters …
Banking counters playing spoil sport going into expiry ! Read More »
WEEKLY TRENDSETTER (FEB 3RD,2023) 2022 JAN 20 JAN 27 Ch % NIFTY 18027 17604 -2.35 BANK NIFTY 42506 40345 -5.08 USD/INR 81.20 81.53 0.41 MARKET REVIEW–The range bound move broke out on the downside led by Adani stocks which had a bad impact on the banking stocks with the index losing 5% for the …
WEEKLY TRENDSETTER (JAN 27th,2023) 2022 JAN 13 JAN 20 Ch % NIFTY 17956 18027 0.40 BANK NIFTY 42371 42506 0.32 USD/INR 81.28 81.20 -0.10 MARKET REVIEW–It was another week of volatility and the market moved in a band. While 17800-18200 was the Nifty band, the Bank Nifty’s band was 42000-42500.The latter showed a slight …
Last week of calm markets before the Budget storm ? Read More »
WEEKLY TRENDSETTER (JAN 20th,2023) 2022 JAN 6 JAN 13 Ch % NIFTY 17859 17858 -0.01 BANK NIFTY 42189 42082 -0.25 USD/INR 82.75 81.58 -1.41 MARKET REVIEW–The week was highly volatile and though global markets were by and large positive, Indian markets showed weakness and sharp selling was witnessed at higher levels. However, the closing provided …
Uncertainty in financial markets and fears of a possible global recession have compelled investors to look at safer havens atleast in the short term. With trends ever changing, the Russia invasion of Ukraine in 2022 was the primary reason for spiral in global inflation as gas and crude oil prices spiked sharply along with agri …
WEEKLY TRENDSETTER (JAN 6TH ,2023) 2022 DEC 23 DEC 30 Ch % NIFTY 17806 18105 1.68 BANK NIFTY 41668 42986 3.16 USD/INR 82.83 82.75 -0.10 MARKET REVIEW–The week began on a cautious note but bulls took control and finally both indices closed with decent gains for the week. On an yearly basis the Nifty …
Could the New Year see mid-cap and small -cap stocks outperforming ? Read More »
WEEKLY TRENDSETTER (DEC 30TH ,2022) 2022 DEC 16 DEC 23 Ch % NIFTY 18269 17806 -2.53 BANK NIFTY 43219 41668 -3.59 USD/INR 82.77 82.83 0.07 MARKET REVIEW–The correction of the previous week deepened and the banking counters were the ones which saw profit-booking with the PSU banks bearing the brunt of selling pressure. With …
Nifty could see support emerging around 17550-600 ! Read More »
WEEKLY TRENDSETTER (DEC 23rd ,2022) 2022 DEC 9 DEC 16 Ch % NIFTY 18496 18269 -1.23 BANK NIFTY 43633 43219 -0.95 USD/INR 82.31 82.77 0.56 MARKET REVIEW–The underperformance from 3 major sectors -IT, pharma and auto continued for the week as well. The Bank Nifty which was holding up the market also showed sharp …